Max Life Insurance
- Maxlife denying to provide surrender value amount Closed
I am a Maxlife policy holder and I have completed * year with the policy on * September ****. Due to some financial reason I planned to surrender the policy.
At the time of opting for the policy I was informed by Maxlife Agent that in any case I would be able to surrender the policy and get the surrender value amount after one year of completion with the policy. Same thing is mentioned in Policy book's Benefit illustration Chart at page **(attached photo).
It's been almost * months I have been requesting for the Surrender value amount with Maxlife insurance company, However they are denying for surrender value and misdirecting me towards baseless scenarios. They are frustrating me lot. I complained to IRDA and even Ombudsman portal one month before but there also no progress.
Are you brand?
Are you Lawyer?
Apology letter from company
Refund / Credit for purchase
Replace / Fix problem
Damages for loss and agony
Profit Aim Research
"It was very hard to get response from share advisory company but legal notice from Voxya made them to refund the full amount along with Rs.100,000 compensation!"
Policy not issued. * months already all the documentation and medical part has been completed. ...
Dec 17, 2022 by Mohit vyas
I had a policy from max life insurance company which i requested to surender in month of aug ****. Same has been communicated to the company via email and as response I got a confirmation mail from the company that policy has been discontinued ...
Jan 01, 2022 by Manish Arora
I had opened my salary account with yes bank agent Ved prakash. After some some time , he brought an yes bank agent with him both of them convinced me that I should buy max life insurance policy with premiumof ***** rs quarterly. The terms expl...
Oct 09, 2021 by Atul sain
Hi, I took an Insurance premium during **** in Max Life Insurance.I paid one premium at the start and the next year I was not able to due to medical emergency of my grandparents. I have approached the Max Life office in Salem,TamilNadu fe...
Jun 07, 2020 by Santhanuraj
We purchased the policy from max life insurance with policy no. Policy No. : ********* from axis bank Matak Majri Indri Karnal. On purchase time axis bank manager mislead us to pay three premium of nearly ***** each which we pay on time. He tol...
Sep 02, 2019 by Sunil Nagpal